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Why should an entrepreneur test their assumptions?

Answer and explanation

Correct answer: Because unchecked assumptions may lead to wrong decisions and losses

An assumption is an unverified belief about customers, costs, demand, or operations. Testing it through surveys, prototypes, trials, or sales evidence provides real feedback and reduces uncertainty. If it is wrong, the entrepreneur can change the plan early. Therefore testing reduces risk rather than wasting time.

Related tags

Assumption TestingMarket ValidationEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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